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New Zealand Gazette – 1996 – No. 119

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✨ Financial Statements

16 SEPTEMBER

NEW ZEALAND GAZETTE

3001

EnergyDirect Corporation Limited

ELECTRICITY BUSINESS

Note 5: Fixed And Long Term Assets

	Accumulated Cost or Valuation	Depreciation Consolidated	Net Book Value Consolidated
	Electricity	Lines	Energy
	$'000	$'000	$'000
--------------------------------	--------------	------------	----------
ELECTRICITY DISTRIBUTION	97,949	97,949	-
--------------------------------	--------------	------------	----------
ELECTRICITY GENERATION (a)	2,836	-	2,836
Land
- Freehold	91	91	-
- at valuation	544	544	-
	635	635	-
--------------------------------	--------------	------------	----------
Other Fixed Assets
Motor Vehicles	4,773	3,433	1,340
Plants, Tools and Equipment	3,421	2,677	744
Office Equipment	5,877	1,978	3,899
--------------------------------	--------------	------------	----------
TOTAL OTHER FIXED ASSETS	14,071	8,088	5,983
--------------------------------	--------------	------------	----------
TOTAL FIXED ASSETS	115,491	106,672	8,819

Comprises:

Fixed Assets

at cost | 114,947 | 106,128 | 8,819 | 49,826 | 46,100 | 3,726 | 65,121 | 60,028 | 5,093 |
at valuation | 544 | 544 | - | - | - | - | 544 | 544 | - |

Re-valued freehold land is stated at net current value by a registered public valuer as at 29 February 1996:

Re-valued substation land 29 February 1996
544,000

Substation land purchased subsequently at cost
91,000

635,000

(a) Electricity Generation assets comprise a 46.5% share in a landfill gas joint venture of $2,653,000 (1995 $2,626,000, see Note 7). Feasibility and development costs of $190,000 from 1994/95 for the proposed wind power project at Baring Head have been expensed in the current year.

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VUW Te Waharoa — NZ Gazette 1996, No 119

NZLII — NZ Gazette 1996, No 119

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Statement of Financial Position of EnergyDirect Corporation Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Fixed Assets, Depreciation, Net Book Value, Electricity Distribution, Electricity Generation, Land Valuation, Motor Vehicles, Office Equipment

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